XRP Ranks Among Top 5 Most Profitable Assets Despite Price Slump!
Release: 2024/06/07 22:21 Reading: 536
XRP Remains Profitable Despite Ongoing Price Slump
Despite recent price struggles, XRP, the digital asset associated with Ripple, has maintained its position among the top five most profitable mainstream assets. According to a report by analytics platform Santiment, XRP's profitability ratio remains high despite the asset failing to break the $0.5 barrier for over two months.
Supply Profitability Analysis
Santiment's analysis utilizes its "Supply in Profit" metric, which compares a token's current value to its initial value on the blockchain. This metric indicates whether a token is currently profitable or in loss.
Bitcoin (BTC) leads the profitability rankings with 98.3% of its circulating supply in profit, followed by Ethereum (ETH) with 95.1%. Chainlink and Dogecoin hold the third and fourth positions with 86.8% and 82.2% profitability ratios, respectively.
XRP's Position
XRP holds the fifth position with a profitability ratio of 78.8%, despite experiencing a 15% price decline this year. This decline has made XRP the only cryptocurrency on the list to suffer losses since January.
However, XRP's high profitability ratio can be attributed to several factors. A significant portion of XRP's circulating supply was released when prices were substantially lower, and token releases often coincided with periods of low prices.
Ripple's Escrow Releases
Ripple's escrow releases play a significant role in maintaining XRP's profitability. With an inflation rate of approximately 200 million tokens per month, escrow releases inject a substantial number of tokens into circulation.
Despite concerns about inflation, the timing of these releases often aligns with low XRP prices, ensuring that the released tokens remain profitable at current market prices. Recent escrow releases in May and June, for instance, contributed to XRP's ongoing profitability.
Conclusion
While XRP continues to face challenges in price performance, its profitability metrics suggest underlying strength and resilience. Despite the asset's inability to surpass $0.5, a high proportion of its circulating supply remains profitable, highlighting the confidence investors have in XRP's long-term potential.
Recent news
More>- 5 Best Crypto Presale Coins for 2025 [Updated List for 2025] 11-29
- Ethereum Meme Coin Watch: CatSlap +20%, Pepe +7% as ETH Outperforms Bitcoin 11-29
- Whales Dumping Pepe Coin As Prices Correct, Time To Sell? 11-29
- Binance Launches ‘PayDay’ Global Crypto Shopping Event with $200K Crypto Cashback 11-29
- Ethereum price up 15%—here are the meme coins to watch this altcoin season 11-29
- Dogen (DOGEN): Experts Predict 25,000% Returns – Outshining DOGE and SHIB in 2025! 11-29
- How Dogecoin Overtook Porsche in Market Cap, Hitting $54.7 Billion Milestone 11-29
- Is PEPE Price Breakout Imminent? Analyst Predicts It’s About to Go Crazy—Here’s Why! 11-29
- Next Bonk? Dogen on Track for 15,000% Gains by 2025 – Don’t Miss the Rocket! 11-28
Selected Topics
More>>-
- pepecoin Price Analysis
- This topic provides articles related to PepeCoin price, covering key PepeCoin insights and analysis
-
- pepe:meme star
- This topic provides articles related to the most promising meme, PEPECOIN, a project with the potential to become a mainstream digital currency. It has the advantages of decentralization, reliability, ease of use, fast speed, low cost and scalability, and is expected to be more widely used in the future
-
- pepecoin price prediction
- We’ve gathered facts about pepecoin’s success story and provided a pepecoin price prediction
Selected Articles
More>>- 1 Avalanche and Aptos rival raises over $600k in 2 weeks
- 2 Crypto Prices Today: Market Continues Rally With BTC, Pepe Coin, SEI Rising
- 3 Major Analyst Crypto Tony Bullish on These Meme Coins, But One Stands Out
- 4 MTAUR Ready to Crush DOGE and PEPE: 100x Price Growth Incoming?
- 5 Memecoins Surge in 2024, Popcat Leads with 7,621% YTD Gain, Outshining Top Crypto Tokens
- 6 PEPE Meme Coin Smashes ATH – See How Much an $83 Investment in Pepe Coin Last Year is Worth Now
- 7 Top 4 Altcoins At 70% Discounts – Last Chance!
- 8 Dogecoin Creator Proposes DOGE to NBA Legend Scottie Pippen
- 9 Top Analyst Who Predicted Dogecoin (DOGE) Last 170x Rally Forecasts New Parabolic Rise, Here’s His Price Target
- 10 New Solana Memecoin Trump Loves Elon to Rally 15,000% Before Exchange Listing, SHIB and Bonk Crash
ABOUT US
We are building the most influential，trusted information platform for aglobal community engaged in thd transformation of the financial system andthe emerging crypto economy.PEPE is an integrated platform for media,events,data & indices for the next generation fo investing and the future of money.
Get in touch with the PEPE team at admin@pepecoinbuy.com